St Mildred's Tenterden
Registered Charity 1130113
Financial Statements for Year Ended 31/12/24
Notes
| Notes | |||||
|---|---|---|---|---|---|
| Receipts | UnrestrictedRestricted | Total | Total | ||
| Voluntary Receipts | Funds | Funds | 2024 | 2023 | |
| Regular Giving | |||||
| Planned Giving | 111468 | 111468 | 131800 | ||
| Collections etc. | 17273 | 17273 | 13749 | ||
| Tax Recovered | 21702 | 21702 | 26225 | ||
| Total | 150443 | 150443 | 171774 | ||
| Other voluntary receipts | 5a | 10469 | 622626 | 633095 | 150344 |
| Fund generating activities | 5b | 10028 | 0 | 10028 | 10340 |
| Receipts from church activities | 5c | 6342 | 23031 | 29373 | 30082 |
| Other Income | 5d | 1919 | 0 | 1919 | 1276 |
| Total | 179201 | 645657 | 824858 | 363816 | |
| Payments | |||||
| Church Activities | |||||
| Diocesan Parish Share | 105995 | 105995 | 103280 | ||
| Other Payments | 5e | 90805 | 84240 | 175045 | 284292 |
| Total | 196800 | 84240 | 281040 | 387572 | |
| Excess Receipts over Payments | -17599 | 561417 | 543818 | -23756 | |
| Bank Accounts 1/01/24 | 115860 | 209254 | 325114 | 348870 | |
| Bank Accounts 31/12/24 | 98261 | 770671 | 868932 | 325114 | |
| Statement of Assets & Liabilities | |||||
| Cash Funds | |||||
| Bank | 98261 | 764651 | 862912 | 310872 | |
| Hall Bank Account | 6020 | 6020 | 14242 | ||
| Total | 98261 | 770671 | 868932 | 325114 | |
| Other Assets | |||||
| CBF Investment | 2 | 22121 | 22121 | 21240 | |
| Church Hall | 3 | 59624 | 59624 |
Notes on Financial Statements
-
Prepared on Receipts and Payments basis under Church Accounting Regs
-
CBF investment relates to the Hukin's Bequest for Church Fabric
-
Hall on 999 year lease from 27/02/1995
-
Reserves Policy is to retain a minimum of 6 months general expenses in reserves. Currently they Stand at approximately 7 months of projected 2024 spend.
Page1
- Receipts & Payments Analysis
UnrestrictedRestricted
Total Total
| Funds | Funds | 2024 | 2023 | |
|---|---|---|---|---|
| (a) Other voluntary receipts | ||||
| Legacies | 0 | 0 | 0 | 0 |
| Donations | 10469 | 0 | 10469 | 62921 |
| Choir | 0 | 0 | ||
| For Foodbank | 330 | 330 | 210 | |
| For Christmas Cheer | 7247 | 7247 | 5202 | |
| For Fegans | 0 | 0 | 0 | |
| Reordering (Transformation) | 610067 | 610067 | 50080 | |
| Live Streaming | 560 | 560 | 2263 | |
| Flower Festival | 250 | 250 | 9634 | |
| Sunday Lunches | 4172 | 4172 | 20034 | |
| Total | 10469 | 622626 | 633095 | 150344 |
| (b)Fund generating activities | ||||
| Bookstall | 1380 | 1380 | 1350 | |
| Magazine | 4107 | 4107 | 4602 | |
| Sundry Events | 4541 | 4541 | 4388 | |
| Total | 10028 | 0 | 10028 | 10340 |
| (c) Receipts from church activities | ||||
| Fees | 6342 | 0 | 6342 | 4700 |
| Hall Hire | 23031 | 23031 | 25382 | |
| Total | 6342 | 23031 | 29373 | 30082 |
| (d) Investment & Other Income | ||||
| Interest | 1594 | 1594 | 1006 | |
| CBF Dividend | 325 | 325 | 270 | |
| Contribution from sale of land | 0 | 0 | ||
| Total | 1919 | 0 | 1919 | 1276 |
| (e) Church Activities Payments | ||||
| Charitable Giving | 18000 | 18000 | 16685 | |
| Other Charitable Giving | 0 | 12146 | ||
| For Foodbank | 0 | 0 | ||
| Choir | 0 | 0 | 0 | |
| For Christmas Cheer | 5721 | 5721 | 9876 | |
| Other Funds | 0 | 0 | ||
| Mission & Ministry | 11538 | 11538 | 8220 | |
| Church Expenses | 50125 | 50125 | 46865 | |
| Building Repairs | 5524 | 9668 | 15192 | 82928 |
| Reordering (Transformation) | 33198 | 33198 | 59179 | |
| Hall Expenses | 31253 | 31253 | 20899 | |
| Bookstall | 0 | 0 | 0 | |
| Magazine | 4760 | 4760 | 4942 | |
| Youth | 3252 | 3252 | 0 | |
| Administration | 14721 | 14721 | 13892 | |
| Recharge of Benefice Expenses | -15035 | -15035 | -11858 | |
| Live Streaming | 0 | 0 | 0 | |
| Deposits Paid | 0 | 0 | 19088 | |
| Sunday Lunches | 1148 | 0 | ||
| Other | 1172 | 0 | 1172 | 1430 |
| Total | 90805 | 84240 | 175045 | 284292 |
Page 2
6 Summary of Transformation Project
2024 2023
| Balance B/F | 161345 | 170441 |
|---|---|---|
| Receipts | ||
| Donations | 554780 | 22319 |
| Fund Raising | 53037 | 11235 |
| Bank Interest | 2250 | 1622 |
| Total Receipts | 610067 | 35176 |
| Payments | ||
| New heating | 9790 | 43262 |
| Consultancy | 23407 | 1009 |
| Total Payments | 33198 | 44272 |
| Balance C/F | 738214 | 161345 |
- Funds collected and held in the bank account on behalf of other recipients are included in the Movement of Funds Statement .
| 1st Jan | **Receipts ** | Payments Transfers | Payments Transfers | 31st Dec | |
|---|---|---|---|---|---|
| 2024 | 2024 | ||||
| Movement of Funds | |||||
| Youth | 4368 | 3252 | 1116 | ||
| Transformation | 161345 | 610067 | 33198 | 738214 | |
| Foodbank | 3837 | 330 | 4167 | ||
| Christmas Cheer | 724 | 7247 | 5721 | 0 | 2250 |
| Live Streaming | 3706 | 560 | 4266 | ||
| Redecoration Fund | 4000 | 0 | 4000 | ||
| Roof Repair Fund | 22032 | 9668 | 0 | 12364 | |
| Other Funds | 0 | 0 | 0 | 0 | |
| Deposits Paid | 0 | 0 | 0 | 0 | 0 |
| Flower Festival | 0 | 250 | 250 | ||
| Sunday Lunches | 0 | 4172 | 1148 | 3024 | |
| Hall | 14242 | 23031 | 31253 | 6020 | |
| Total | 214254 | 645657 | 84240 | 0 | 775671 |
| Movement of General Reserves | |||||
| Opening Balances 1/01/24 | 110860 | ||||
| Increase in General Reserves in Year | -17599 | ||||
| Transfer to: Redecoration | |||||
| Repairs | |||||
| Closing Balance | 93261 | ||||
| Total Cash Funds at 31/12/24 | 868932 | ||||
| Invested Funds at 31/12/24 | Note 2 | Market Price | 22121 |